Thread by @cyrilXBT

Finding top-tier crypto projects during a bear market can be difficult.

So I did all the hard work for you today.

Here's all you need to know about #SAITO, as well as why you shouldn't pass it up.
$SAITO 🧵

What I'll be covering:

1. Introduction
2. What is Saito?
3. Tokenomics
4. Where to buy Saito
5. Conclusion

Let's dive in 👇

1️⃣ Saito makes real web3 possible. No Strings attached.

Unlike other blockchains, Saito’s economic incentives are fundamentally aligned, allowing for true and sustainable web3

2️⃣ Saito is a new type of layer-1 blockchain that powers web 3.0 applications

$SAITO Consensus maintains openness even at a massive scale, so developers can build great web 3.0 apps for everyone.

3️⃣ The Saito network is designed for a max token supply of 10bb.

There are currently 3bb SAITO tokens in circulation.

These are mostly ERC20 / BEP20 tokens that holders can migrate on-chain as needed.

In the future, an additional token supply may be made available to a community-controlled foundation (20%).

It will be allocated to fund core software development (10%) and earmarked to provide liquidity to strategic partners who bring industrial use cases to the network (10%)

This expected to incentivize consumer usage through an on-chain Advertising Faucet (10%).

It will funnel small amounts of SAITO to users while the network builds transaction volume.

The advertising faucet is the most unique part of Saito's distribution strategy.

Giving a small flow of tokens to users who make transactions on the network subsidizes usage without allowing users to accumulate significant reserves.

The advertising faucet will issue tokens in exchange for using the network.

It also requires users to actively make fee-paying transactions, the fees in which will be collected by the nodes and devs who are building software and running infrastructure.

Saito's tokenomics distribution strategy is thus a form of mining where users decide which applications and devs deserve financing from the network.

Tokens that would be distributed to stakers or miners in other mechanisms can thus be spent more efficiently.

4️⃣ Where to Buy SAITO

Saito is available on a number of decentralized exchanges. If you hold Saito you can earn interest from liquidity provision (a form of staking) on these exchanges through the Saito Liquidity Provision Program.

• Uniswap
• PancakeSwap

Saito is also supported by a growing number of centralized exchanges:

• BigOne
• Gate•io

5️⃣ Those who pour over the technical details of the
Saito network will find embedded in it at least
seven major innovations in blockchain technology:

• Automatic transaction rebroadcasting,

• The burn fee

• The golden ticket system

• Pay split and powsplit

•N-block golden tickets,

•Secure multiparty voting mechanism and

•A chain of cryptographic signatures that permits the block chain to identify and reward productive nodes in the routing network.

The primary reason to use Saito is that it is decentralized.

Everyone relies on the operator’s connection to run with a centralized node operator.

Therefore, all dApps depending on the operator, are vulnerable if their nodes are compromised by bugs or hacks.

Since dApps built on the L1 blockchain can easily and cheaply host their own nodes, it is naturally decentralized.

The protocol has a below-zero cost-of-attack ensuring the production of blocks to be expensive, attackers must pay out-of-pocket.

Conclusion: Even though the market is it's worse condition ever #saito is one of those to keep an eye on. For me personally I will be seeing what they will be buliding and working on moving forward.

That's a wrap! What did I miss?

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